Personal Income Taxation in India

Abstract Personal Income Taxation Serves as a vital tool for revenue generation and economic stabilization in any economy. This study examines the structural aspect and trends of buoyancy in personal income tax in India.The primary objectives of this research is to understand the Budget-wise rate structure of personal income tax and Find out the tax buoyancy of personal income tax. Finnaly, this paper offers valuable insights for individual taxpayers, policy makers and financial advisors. The author conclude that the tax bracket and slap wise text rate are reduced in study period and he conclude that buoyancy coefficient of personal income tax increasing in this study period. Finally he suggest that to increase productivity of personal income tax rate should be reduced and tax base should be further extended in order to increase buoyancy of personal income tax.